Bitcoin Elliott Wave Analysis - Friday, Oct. 8

By Alessio Barretta of TradingLounge.com

Elliott Wave Analyst - tradinglounge • Oct 8, 2021 at 4:30 AM EDT

Over the week ahead I'm looking for classic trading levels pattern of 50,000.

Overview: Bitcoin is confirming as a bullish trend.
Bitcoin Elliott Wave: Wave c of (iv) of i) of 3 of (5.
Bitcoin Technical Analysis: Over the week ahead I'm looking for classic trading levels pattern of 50,000.
Trading Levels Bitcoin: Major trading level TL5| 50,000 and Minor Group 1 is 51|532|53k Mid-point 55k and Minor Group 2.
Bitcoin Trading Strategy: Building long positions, next is adding on mTL5|50k with the trade setup as the Classic trading level pattern.
Trading tip: In trading, you have to be defensive and aggressive at the same time. If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money.

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Video Length: 00:'20:28

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